Crypto Technicals: BTC/USD extends range trade between major moving averages, bias neutral
Thu, 07 Nov 2019, 06:03 am UTC
BTC/USD chart - Trading View
Exchange - Coinbase
Support: 9169.23 (200-DMA); Resistance: 9584.38 (100-DMA)
Technical Analysis: Bias neutral
BTC/USD is extending sideways grind, trades directionless around 5-DMA.
Price action remains capped between major moving averages and breakout required for clear directional bias.
'Death Cross' keeps scope for weakness in the pair. 200-DMA is major support at 9169. Break below will see downside.
Major trend remains bearish and Stochastics RSI is showing a rollover from overbought levels.
Break below 200-DMA will see dip till 50-DMA at 8658.91. Bearish invalidation above 9690 (Channel top).
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